What are the circumstances and steps to place a property on HOLD?
A listing may be on HOLD for a variety of reasons including limited winter access, not ready for showings, short-term owner use, repairs being made or many others.
ON HOLD status as used in GNMLS
A listing is usually placed on HOLD because the seller wishes to restrict the listing from active marketing for a time for various reasons.
To place a listing on hold, these are the steps needed:
- You must have a valid contract in force through the end of the HOLD period.
- The seller must have signed an amendment to remove the listing from MLS marketing for the period of time.
- Complete a waiver form and send to the MLS office indicating the reason for the HOLD and the expected date it will return to market.
- Place a note in the REALTOR Remarks indicating if available for showing or not.
- In GNMLS a listing ON HOLD may still be available to show. If available to the Listing office, it must also be available to Cooperating members, but might not be available to non-members.